NO EVIDENCE FOR IT

As I understand the Republican economy philosophy which they practiced under Reagan and Bush and would like to keep or increase, the idea is that you cut taxes on corporations and businesses, that would give them more profits and they would invest in new technology, they would hire new people, they would produce more products. You cut taxes on capital gains, dividends and the income of the wealth so that they would have more to invest in businesses, they would have more to buy more big ticket items, and they would hire more people to help them. That is how I have understood the philosophy. Give the rich people who are supposed to be the wiser and more productive members of society, as judged by their success in making money, and they will stimulate the economy.

The problems is that I do not see any evidence that it has worked as designed. How can you cut taxes to corporations when the 400 largest corporations in this country do not currently pay taxes? How can you claim that cutting taxes to businesses will create more jobs

when we were losing 700,000 jobs a month when President Bush left office? How can you can claim that these large corporations and businesses will benefit the country when the major financial institutions nearly destroyed the country with their speculations?

There is even less evidence that tax cuts for the very rich are invested in society and by that investment enrich the community. Trickle down was supposed to mean that the rich would get tax cuts and they would invest and the rest of society would be lifted up by the increased economic activity. The evidence, recognized by all sides, is that in the last ten to twenty years the rich have simply gotten richer, obtained and kept more and more of the wealth and the middle and lower classes have gotten poorer. The middle class is disappearing. We seem to be moving towards a 1 or 2 percent of the populations having 98% of the wealth of thee country and the 98% of the people living with 2% of the wealth. The way trickle down economy has always been presented this is not supposed to be the results.

The evidence does not seem to support the idea that making the rich richer will make the poor richer as well. It is a failed idea. It is an idea that is not consistent with the philosophy of democracy with its concern for all people to share the benefits equally. It is an economic theory that is contrary to most religious traditions of concern for all people and especially the needy and the poor. It is certainly not fulfilling the call for a shared economic sacrifice in these rough times. As a people we can do better than this.